Not to sound like an alarmist, but if Massa wins the presidential election in Argentina I'm not sure I see a way of the country ending up like Venezuela 2.0; that is, unless he adopts an El Salvador-like strategy of accepting the world's strongest fiat along with the future of money. Things are by no means perfect in El Salvador, but the financial infrastructure for the country to thrive has been laid in place. The blueprint could be easily copied by either winning candidate, to be honest. Argentinians would also be wise to study the case study of Ecuador's dollarization 20 years ago. Argentina can convert a lot faster, no doubt.

Huge swathes of the Argentinian economy are at a hault, namely in the real estate sector, due to owners/landlords frozen by fear of what will happen to the argentinian peso. Current rental law forces landlords to enter into a three-year lease denominated in the quickly dying peso, with trimestral adjustments performed according to some bullshit government index that still doesn't keep pace with actual inflation. Yet another example of government intervention blowing up the market. The end result? Implosion.

If money is how humans coordinate economic energy, circuits between ourselves and society, then fiat is akin to faulty wiring responsible for lost electrons and spotty conduction in general.

To bring a bit of balance to the unfettered Bitcoiner support of Argentinian presidential candidate Javier Milei: It's being reported that he is negotiating with many people responsible for the status quo to see who will be in his cabinet should he win the election. We're seeing how trying to work within existing fiat systems will never be the solution to separating money from the State. I've swung from bullish to bearish on Milei's potential to bring an end to the Banco Central here in Argentina. However, I'm undeterred in my efforts in Bitcoin education. If anything, this is putting wind in my sails that education is the way forward.

Pro-Bitcoin Argentinian presidential candidate Javier Milei is said to have lost votes in the largely Catholic northern part of the country due to his criticism of the Pope. Perhaps Argentina will vote itself back into the status quo of corrupt cantillonaire politicians

Nostr is markedly devoid of moon bois losing their shit over a $4K daily move.

2/3 of Argentina's population voted for a change. The run-off should favor Javier Milei.

Greetings from Argentina. People can't believe that Massa garnered 35% of the vote. He's the current minister of economics. He's the one who's sat at the helm as they've printed the Argentinian peso into oblivion. The lack of financial education in this country is the reason why these populists remain in power. Meanwhile, the well-educated part of the population is incredulous; however, there is optimism that all the anti-peronistas will band together to give Mass and Kirchnerismo the boot. This story isn't over, not by a long shot.

About 45% of the Argentinian vote is now accounted for. They're hoping for a 75% turnout. If the youth turn out, then Milei wins. If the geriatrics who have run the country into the ground turn out, then it'll be a run-off.

It really, really sucks watching the purchasing power of everyone around you go up in smoke. Today the Argentinian peso is at 1200:1. It was at 1000:1 yesterday. That's a 20% debasement in 24 hours against the world reserve currency. 3 weeks ago we were at 750:1. That's a 60% loss in under a month. Pray for Argentina.

It is being widely-reported that the "official" exchange rate of the peso will be devalued from 350:1 USD to 500:1 this coming week supposedly due to the upcoming presidential elections. That's a debasement of 43%. Un-fucking believable. They'll attempt to paint it as an issue of trust in the currency, when in all reality it's because of populist bureaucrats printing the currency into oblivion. This is why money needs to be separated from clown politicians.

In case you'd like to track the ARS/BTC pairing according to actual values (not government-manipulated figures found on many sites), follow:

CoinMonitor Argentina

Precios finales de las principales casas de cambio en Argentina

This reflects the death of the peso more accurately.

Wow...it would appear as though shitloads of bots are following me on here. I thought NOSTR fixed that problem?

American small businesses would do well to learn how to run their business via WhatsApp like so many people do in LATAM. Communicating with clients via platforms with a low barrier of entry are where it's at if you want to be a successful small business. And yes, I'm aware of the security concerns; it is what it is. If WhatsApp builds in a custodial Lightning wallet into WhatsApp it'd be a killer app.

Open networks always, always win. Microsoft can go fuck themselves.

On Currency Implosion in Argentina: The current president is now blaming the recent arrival of hyperinflation on his political rival, as if the rival had anything to do with the Banco Central printing the Argentinian peso into oblivion. Peak-clown world activities.

It cannot be understated how fixated the entire country of Argentina is on the fact that hyperinflation has reached the country. Broken money literally affects everyone, there's no escaping it. More than ever Argentina needs Bitcoin.

You haven't experienced hyperinflation until you watch your local currency drop 10% against the USD in one afternoon. Holy shit, the Argentinian peso is dead.

Inflation in Argentina reached 12% in September, which still seems on the conservative side with the bureaucrats cooking the books as much as possible with the presidential election looming on the horizon.

Global bond markets are collapsing. Sounds about time for a good ol' Israel vs. Palestine conflict to turn heads. Honestly who cares who you stand with, lol. Opt out of money that finances forever wars. Opt out of fiat. We Bitcoin so they can't finance war.